Thread: Oil price in world market is increasing regularly?

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  1. #1
    Join Date Oct 2007
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    Daily I am hearing that Oil price in world market is increasing what is the cause? Is it American Imperialism who has captured on Oil resources or other causes behind it?
  2. #2
    Join Date Nov 2007
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    There are two major causes--depletion of easily accessible oil in the West, and rising pressure on the West by the OPEC due to the United States' nation-building activities.

    It's all a cause-and-effect kind of thing. As the United States angers other countries, those countries further limit their exports. This allows them to 'punish' the US and to make a good amount of money as oil prices surge. The only downside is that it further alienates them in the international community since they're hurting all of the non-OPEC economies of the world, but most OPEC countries don't care too much about that because they're already pretty isolated, politically.

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